Alrighty… All you peeps out there. Get me this Top Gear Sparco-made Jacket or I'll bite your asses off when I see you after X'Mas! Just kidding. But if you have the money and thinking of being the kindest person on this planet, please buy me one 
135GBP.. 400SGD
People's Mother Lee announced in parliament that the GST - Goods and Services Tax, was to be raised from the current 5% (which was raised not long ago) to 7%.
So what does this increase mean to you?
If you are a corporation…
Well, I'm talking about large corporations. If the government really does what it says about reducing corporate tax to match competition, you will pay lower tax. Some huge savings there. However, do not forget that you have to pay your workers more as increase in GST means an inflation. It doesn't mean you do not gain much even after the salary hike. GST can be claimed. So, now you have more to claim.
If you belong to the poorest class…
If you trust the government, they say they are going to give out additional welfare to help the people. You get a one time welfare and then pay more for everything you buy while those people up there collect huge salaries, bonuses, pensions and CPF.
If you belong to the middle class…
You gain nothing. May be a little bit in the beginning as they will throw out some gifts to cool the fiery fire. So what do you lose? You have to pay more for everything. You are not under any welfare. You can't claim GST. Lost out in every way.
So as Her Majesty said, we need to lower our taxes to match that of competition, Hong Kong. Hong Kong's Corporate tax is at a ultimate low rate of 17.5% compared to Singapore's 20%. To lower this tax, we would have to increase in-direct tax, which is GST. Her Majesty also mentioned that Hong Kong is planning to implement GST. Heard that? Planning to. Means have not implemented. How is Hong Kong able to go on 17.5% without GST and this little island not able to? And before they lowered the tax, they are already planning to increase GST. Who you trying to kid? Crap excuses.
Those stupid people who voted for them. Told you guys it is the wrong people you are counting on. Immediately after election, always everything increase. MRT fares increase, Bus fares increase, Taxi fares increase, Rentals increase, COE increase, now GST increase. What's more, we get housing next to foreign workers. What crap is this. Wake up people.
